The Hindu Business Line : YSR to hold breakfast meet with potential investors

The Government proposes to extend tailor-made benefits to suit particular investment requirements on case-to-case basis for projects having investments of over Rs 100 crore.

Hyderabad , July 9

Aimed at attracting substantial investments into the State, APInvest, the proactive nodal agency of the State Government under the Chairmanship of the Chief Minister, Dr Y.S. Rajasekhara Reddy, is organising a breakfast meet with leading domestic industrialists and global investors on July 13 at Taj Palace of New Delhi.

Pinning hopes on the new Industrial Investment Promotion Policy, the State authorities are expecting to attract Rs 15,000 crore in fresh investments into the State. The breakfast meet is being organised in collaboration with the Software Technology Parks of India (STPI).

The authorities are buoyed by the recent visit of Dr Reddy to Bangalore, wherein he had a high-profile interface with leaders of around 120 industrial majors and invited them to invest in the State. Responding to this, major software giants such as Wipro and Infosys decided to significantly expand their facilities in the State.

Quoting Dr Reddy, a State press release said the Government is now aiming for a giant leap forward in industrial sector. The Government proposes to extend tailor-made benefits to suit particular investment requirements on case-to-case basis for projects having investments of over Rs 100 crore. Efforts are also on to boost exports from the current level of 4.39 per cent to 10 per cent, the release said.

The breakfast meet is expected to provide a platform to the investors to interact with the State Government officials, share their views and concerns and also enter into a dialogue. The active partners at the meet include Nasscom, CII, Assocham, Amcham, ISA, ESC, TIE and MAIT.

The key objective of the meet is to invite investors to AP to explore and take advantage of investment opportunities in various sectors such as semi conductor manufacturing, IT, ITES, biotechnology, pharmaceuticals, food processing, tourism, handlooms, textiles and other sectors.

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